DraftKings Finalizes $750 Million Acquisition of Jackpocket
DraftKings has agreed to acquire Jackpocket, a leading U.S. lottery app, for approximately $750 million, with the deal expected to close in the second half of 2024. The acquisition will allow DraftKings to expand into the digital lottery industry and strengthen its position in sports betting and iGaming. The transaction is expected to drive significant revenue and EBITDA growth for DraftKings, with a focus on responsible gaming and corporate social responsibility.